Optimal Monetary Policy under Sticky Price: Two Country Model
碩士 === 國立東華大學 === 國際經濟研究所 === 96 === ABSTRACT This study investigates the optimal monetary policy with alternative sticky price in a two-country economy. The framework of two-country model is based on the Obstfeld and Rogoff (1996). The purpose of this work is to detect real effect of the optimal mo...
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ndltd-TW-096NDHU53240222019-05-15T19:39:21Z http://ndltd.ncl.edu.tw/handle/am96zc Optimal Monetary Policy under Sticky Price: Two Country Model 價格僵固模型下的最適貨幣政策 Zhong-Mou Dou 都中謀 碩士 國立東華大學 國際經濟研究所 96 ABSTRACT This study investigates the optimal monetary policy with alternative sticky price in a two-country economy. The framework of two-country model is based on the Obstfeld and Rogoff (1996). The purpose of this work is to detect real effect of the optimal monetary policy in the economy after external shocks. Following Chari, Christiano, and Kehoe (1991), Schmitt-Groh´e and Uribe (2004)’s study, when the price is flexible, the optimal monetary policy in closed economy is near Friedman rule. Our findings also support this conclusion in open economy. Furthermore, we show the variability in our optimal monetary economy is modest low rather than that under the conventional Taylor rule. Ming-Jen Chang 張銘仁 2008 學位論文 ; thesis 34 en_US |
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碩士 === 國立東華大學 === 國際經濟研究所 === 96 === ABSTRACT
This study investigates the optimal monetary policy with alternative sticky
price in a two-country economy. The framework of two-country model is based on
the Obstfeld and Rogoff (1996). The purpose of this work is to detect real effect
of the optimal monetary policy in the economy after external shocks. Following
Chari, Christiano, and Kehoe (1991), Schmitt-Groh´e and Uribe (2004)’s study,
when the price is flexible, the optimal monetary policy in closed economy is
near Friedman rule. Our findings also support this conclusion in open economy.
Furthermore, we show the variability in our optimal monetary economy is modest
low rather than that under the conventional Taylor rule.
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author2 |
Ming-Jen Chang |
author_facet |
Ming-Jen Chang Zhong-Mou Dou 都中謀 |
author |
Zhong-Mou Dou 都中謀 |
spellingShingle |
Zhong-Mou Dou 都中謀 Optimal Monetary Policy under Sticky Price: Two Country Model |
author_sort |
Zhong-Mou Dou |
title |
Optimal Monetary Policy under Sticky Price: Two Country Model |
title_short |
Optimal Monetary Policy under Sticky Price: Two Country Model |
title_full |
Optimal Monetary Policy under Sticky Price: Two Country Model |
title_fullStr |
Optimal Monetary Policy under Sticky Price: Two Country Model |
title_full_unstemmed |
Optimal Monetary Policy under Sticky Price: Two Country Model |
title_sort |
optimal monetary policy under sticky price: two country model |
publishDate |
2008 |
url |
http://ndltd.ncl.edu.tw/handle/am96zc |
work_keys_str_mv |
AT zhongmoudou optimalmonetarypolicyunderstickypricetwocountrymodel AT dōuzhōngmóu optimalmonetarypolicyunderstickypricetwocountrymodel AT zhongmoudou jiàgéjiānggùmóxíngxiàdezuìshìhuòbìzhèngcè AT dōuzhōngmóu jiàgéjiānggùmóxíngxiàdezuìshìhuòbìzhèngcè |
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